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Keyword: hr5546

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  • PIERCING THE VEIL: CANNON, CONYERS INTRODUCE LEGISLATION TO SAVE AMERICAN FAMILIES BILLIONS

    03/06/2008 2:42:54 PM PST · by hardknocks · 74 replies · 436+ views
    Congressman Cannon's Office ^ | 3/6/08 | Fred Piccolo
    WSAHINGTON DC – Congressman Chris Cannon (R-UT), along with Judiciary Chairman John Conyers (D-MI), today introduced the “Credit Card Fair Fee Act” (HR 5546) to address the anti-competitive aspects of credit card interchange fees and save American consumers and American families billions every year. Upon introducing this legislation, Congressman Cannon said, “Free market capitalism is the most successful economic system the world has ever witnessed. Bedrock principles of that system include transparency and competition. The current system of setting fees that merchants pay for credit card transactions is anti-competitive and secretive. This bill does not set prices. Instead, it would...